Hello traders!
Strong selling pressure came in off the high off the day at 1.2545
Below the level will see further consolidation/downside.
An aggressive move above the high will be needed to regain upside momentum.
I will be looking to fade the highs.
How you setup your entry, stop, and exit is up to you, but I suggest fading the high and using a 40-50 pip stop loss.
Enjoy!
Strong selling pressure came in off the high off the day at 1.2545
Below the level will see further consolidation/downside.
An aggressive move above the high will be needed to regain upside momentum.
I will be looking to fade the highs.
How you setup your entry, stop, and exit is up to you, but I suggest fading the high and using a 40-50 pip stop loss.
Enjoy!
Trade active:
short from 1.254
Trade closed manually:
I'm out with about 40 pips... easy trade.. hope you made some money!
